Asian Shares Fall as Chip Stocks Drop Ahead of US Earnings
Asian stocks declined following Wall Street losses, with the MSCI Asia Pacific Index down 0.3% and South Korean equities falling over 3%. US chipmakers' shares dropped, including SK Hynix (-4%), Sandisk (-6%), and Micron (-3.9%), after Chinese rival CXMT advanced in memory-chip design. Meta Platforms rose over 3% after unveiling its Muse Wonder AI. Brent crude fell 0.6%, and the dollar remained strong amid cautious investor sentiment on AI and capital spending.
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